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11.5¢ calidus resources limited

just wondering how you confirmed 10m cash on hand does not...

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Watchfulbull

2,345 Posts.

1178

10/01/24

16:52

Post #: 71816979
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Originally posted by The Mechanic: ↑

IMO CAI looking good, looking forward to the company moving forward overcoming its problems, great acquisition the Nulullagine gold mine, well placed for future growth:
With the acquisition CAI now has a total resources of 2.8Moz: 1.4 Moz at Warrawoona and 1.4 Moz at Nullagine
Production for CY 2024 80,000oz and going forward 100,000oz pa
Potential to double production with the start up of the Nullagine Sulphide gold mine, utilizing Blue Spec that hosts a resource of 190,000oz @ 24g/t Au with the potential to increase the resource.
Debt paid down to $69 million.
Hedging reduced to 83,250oz.
Cash on hand $10.6 million as at 31/12/23, does not include the $14 million due from Atlas Iron.
Should be cash flow positive in the coming quarters.
Should benefit from the strong gold price in 2024.
All in my opinion.

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just wondering how you confirmed 10m cash on hand does not include 14m from atlas?

thx in advance
CAI Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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